Search for:
Author

Eunkyung Kim Shin

Browsing
Eunkyung Kim Shin is an associate of Baker McKenzie’s International Commercial Practice Group and the International Trade Compliance Sub-Practice Group in the Chicago office. Eunkyung advices clients on various regulatory compliance and trade issues, concentrating on the US export controls such as the Export Administration Regulations (EAR) and International Traffic in Arms Regulations (ITAR), economic and trade sanctions, US customs and import laws, the US Foreign Corrupt Practices Act (FCPA), and foreign anti-bribery laws.

Stay tuned to Baker McKenzie’s Supply Chains Disrupted video series for discussions and practical insights about current and emerging supply chain issues, with a focus on the tax, legal, trade and regulatory implications supply chain management teams should consider.

Baker McKenzie’s Sanctions Blog published the alert titled “US Government imposes additional sanctions on Russia, including the Central Bank of the Russian Federation; implements Russia-related executive order” on 2 March 2022. Read the article via the link here. Please also visit our Sanctions Blog for the most recent updates.

On 24 January 2022, the Department of Homeland Security published in the Federal Register a request for public comments on the Uyghur Forced Labor Prevention Act. US importers and other interested parties should consider submitting comments that will both inform the Forced Labor Enforcement Task Force of the challenges companies face vetting their supply chains across industries, as well as provide insight into the effectiveness of various compliance-focused measures.

The US Treasury Department’s Office of Foreign Assets Control issued a final rule amending and reissuing the Transnational Criminal Organizations Sanctions Regulations, to further implement two existing Executive Orders related to transnational criminal organizations: “Blocking Property of Transnational Criminal Organizations,” and “Taking Additional Steps to Address the National Emergency With Respect to Significant Transnational Criminal Organizations.”

As the first year of the Biden Administration comes to a close, the US government has continued to use sanctions and other trade tools to target Chinese companies, citing national security, alleged human rights violations, and a range of other policy reasons for its actions. Dozens of Chinese companies have been added to various US trade blacklists, with negative and often far-reaching impacts.